Discussing the Applicability of Semantic Web for Financial Audit
Author:
Sabina-Cristina NECULA, Ph. D.; Laura-Diana RADU, Ph. D.
JEL:
M42, M41, L86, D83
DOI:
Keywords:
financial auditing, semantic web, ontology, assets
Abstract:
The expression of the audit’s opinion is based on obtaining sufficient appropriate evidence concerning the preparation and presentation of financial statements. The information technologies have helped the auditors in carrying out audits in all specific stages. In this respect, the Semantic Web is considered a useful technology for data integration and data description provided by audited organizations and used by auditors to formulate opinions. It can be used in audit firms which manage financial and accounting data held by several customers. The advantages of Semantic Web lies in the possibility of integrating data from different sources and data querying to contribute to a fair audit opinion and risk reduction. The objective of this paper is to show how Semantic Web can be used in financial audits. In order to illustrate this, we developed and presented an ontology for the audit of assets.\r\n